Natixis Reduces Stock Position in Baidu, Inc. (NASDAQ:BIDU)

Natixis trimmed its position in Baidu, Inc. (NASDAQ:BIDU - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,402 shares of the information services provider's stock after selling 5,881 shares during the period. Natixis' holdings in Baidu were worth $1,467,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of Baidu by 147.5% during the fourth quarter. SG Americas Securities LLC now owns 381,456 shares of the information services provider's stock valued at $32,161,000 after buying an additional 227,338 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Baidu during the third quarter worth $72,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Baidu in the fourth quarter valued at $558,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Baidu by 1,111.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 360,378 shares of the information services provider's stock valued at $30,317,000 after purchasing an additional 330,627 shares during the last quarter. Finally, Ping Capital Management Inc. lifted its position in Baidu by 300.0% during the fourth quarter. Ping Capital Management Inc. now owns 10,000 shares of the information services provider's stock worth $843,000 after buying an additional 7,500 shares during the period.

Baidu Stock Up 2.5 %

Shares of Baidu stock opened at $85.06 on Wednesday. Baidu, Inc. has a 1-year low of $74.71 and a 1-year high of $116.25. The company has a market capitalization of $29.83 billion, a PE ratio of 9.28, a P/E/G ratio of 2.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19. The business has a 50-day moving average of $89.51 and a 200-day moving average of $88.89.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Nomura Securities downgraded shares of Baidu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Daiwa Capital Markets reaffirmed an "outperform" rating on shares of Baidu in a research note on Tuesday, February 18th. Benchmark reissued a "buy" rating and set a $130.00 price objective on shares of Baidu in a research note on Wednesday, February 19th. Mizuho increased their target price on Baidu from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, Barclays lowered their price target on Baidu from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Monday. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $110.83.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.

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